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tv   MONEY With Melissa Francis  FOX Business  September 6, 2012 5:00pm-6:00pm EDT

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later. maintaining employment is one of the fed's two mandates. economists expect nonfarm payrolls to rise by 525,000 and unemployment rate to remain at 8.3%. adp number came in very strong. we'll see what happens tomorrow. david: if you're wondering how many traders wish for a bads job numbers report, so that will force the fed's hand. we'll see what happens. anything can happen. melissa: i'm melissa francis and here's what is "money" tonight. our special series, oil's dire strait continues. the u.s. spends a ton to protect the strait of hormuz and the oil supply that moves through it every year. would all that money be better spent making the u.s. energy independent instead? oil tycoon, t. boone pickens weighs in on that. will the keystone pipeline finally win approval? transcanada submitted a new plan to the government. the ceo of transcanada is here with details in a first on fox interview. democratic darling
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elizabeth warren slams inequality at convention but a former bain capital managing director ed kinard says the growing wealth gap is actually a good thing. he joins me to explain that one. we can't wait for that. even when not, it he is always about money. a even when they say it's not it is always about money. you know it that i don't to say it every day. because you know that. here are the he had he lines. bond buying program from the european central bank is getting roaring approval. the latest attempt to solve the european debt crisis. dow, s&p and nasdaq closing at a level not seen before the 2008 financial crisis. the blue-chips rising 24 points. what a day for the bulls. investors also flocking to
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gold as a result of all that. the precious metal hitting a six-month, breaking through 1700. it settled at 1705.60. amazon debuting its latest kindle. the company making its biggest splash with a high def kindle fire. investors loving it. they closed just 2% below their all-time high. to our top story, oil's dire strait. all this week we report on the strait of hormuz and the fifth fleet which is there to protect the 17 million barrels of oil that pass through it every day. on my trip to the u.s. last week i spent a night on the u.s. command enterprise and i spoke to the commander, to close the strait which puts u.s. military and put us our oil supply in danger on a daily basis. you're right here in the heart of all of the tension. i mean we hear constantly from iran that, you know, they're threatening to close the strait. is that something in your
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mind that is possible with your presence here? >> it is always possible. something that we're always thinking about. every time we go through the strait we get visited. it is almost like the old cold war days. ships and airplanes come out to see what we're doing, looking at us, testing to see what we'll do. there is a lot of commerce that flows through the area. we're out there showing that that commerce can get through. melissa: yeah. so much oil flows through this region it is essential. what is it like when they come check you out? >> it is actually pretty neat to see what that is. we have had the russians as well swris tinge us. it is always interesting to see, you hear the stories of the big bad wolf, but when you see the people close and in perp and ships alongside, normal sailors like yourself a lot of times sailing alongside looking across, looking across the water from each other. actually, brings it closer
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to home. melissa: what's the impression, what kind of impact do you make on them? >> i imagine we bother them a little bit that we go through each time and, i know they get on the radio or they make their, their announcements in their news how they dislike it. and i imagine no country likes that with so much american presence or any other coalition presence going through here. melissa: what do you think is the impression that the fleet gives off? what is the message -- [inaudible] i mean, what do you think is the message. >> if it was closed it would take a while to reopen. it would be painful. i think the world knows that and i think iran knows that as well. that would hurt them just as much with anything. so, yes, that's a threat. it may happen, it may not. but we're here to make sure it will be reopened again. melissa: it would take a while?
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>> depending on how it was closed it might take a while. melissa: interesting. so we are spending billions of dollars to keep the fifth fleet in the persian gulf but should we be? more than 85% of the oil exported from the strait of hormuz actually goes to asian markets. some are asking why aren't they the ones investing their money protecting the gulf while we're spending our money making the u.s. self-sufficient and producing energy? here is t. boone pickens, ceo of bp capital. joining us for an exclusive interview. boone, wonderful to see you. thanks for coming on the show. >> thanks, melissa. thank you. melissa: do you think this is money well-spent? >> no, i don't. i very much against it. that 85% of the oil goes to asia, we only get 2 1/2 million bears a day out of, out of the persian gulf. i don't see why we do it. why didn't somebody else pick up the tab? and we have plenty of resources in america.
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we don't, we actually don't even have to have the 2 1/2 million barrels that comes out of the saudis and qatar. melissa: boone, you know as well as anyone that oil is fungible. so it doesn't really matter if that oil is going directly to us. it may be going to asia and that is displacing other oil coming to us. so it doesn't really matter who it is going to and it is going to the world market and we're part of that. >> well, having said that, why do we, we spent now, in iraq and afghanistan, we spent trillion 500 billion dollars and we avenue had, we have over -- 30,000 casualties and the people over there hate us. i don't understand it because we have plenty of resources in america to offset the oil from their. so, it's, made a huge difference in, what, what we
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did. what i want is to give us options to change things if they're not working. and we have been doing a long time. it has cost us a lot of money and it has cost us a lot of lives and. melissa: part of the reason why we're there is to try to also stop iran from, you know, overrunning the whole region and from getting a nuclear weapon. it has to do with oil but it has to do with keeping them from dominating the region. do you think that is worthwhile? we have friends there. israelies are friends of ours. i somehow, other people, are, getting, you know, we said 85% of the oil going to asia and, it just, to me it is just, it is somehow, it doesn't look very smart. we keep doing the same thing over and over again. we expect different results.
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and we still have the same results. we have spent a lot of money, get people killed. and when we leave, everybody hates us. melissa: yeah. i have to give you credit. i known you for a long time and was many years ago you said we need to use unusual gas for transportation. we have abundant natural gas in this country. at the time i thought it sounded kind of whacky. now time has gone by and we have fracking boom. the price of natural gas has plummeted. if everyone had listened to you we would be using this cheap natural gas for transportation? are you frustrated? is that still a possibility and have we gotten off track with other forms of transportation fuels, especially when we talk about biofuels? >> well, it's, it's interesting to me because, heavy-duty trucking is going to natural gas because is $2 a gallon cheaper. it will happen.
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we did this in 1972 when we went from gasoline to diesel. it took five years to make the change. you're going through the same dynamics again now. you're going to go alternative fuel which is natural gas. it's cleaner by 30%. it is domestic. and it's, it saves you, two tirds of our trade deficit is the purchase of foreign oil. melissa: yeah. >> and we need to have a north american energy alliance, which would be canada, and mexico and the united states. work with those people and have the keystone pipeline and, but, the missing link, in this whole thing is that we've never had an energy plan in america. melissa: you are right about that. >> we have no energy plan. melissa: you're right about all that. that is great setup because we have the ceo transcanada coming up. boone pickens thanks for coming on the show tonight.
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we really appreciate your time. >> sure. melissa: transcanada submit as new route for the keystone xl pipeline. can the plan avoid getting quashed by the white house? boone talked about how much we need this. i will ask transcanada's ceo in a first on fox interview coming up next. plus, ecb mario draghi sends bulls on a tear. look at that. is his debt crisis fix a short term high for investors? piles of money printed by the e.u. coming up. ♪ .
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melissa: keystone pipelines plan to stretch from canada to gulf of mexico has been plagued with controversy from day one. construction on the southern leg is underway but the northern section is still up for debate. transcanada submitted a revised route to the government hoping it will ease concerns over nebraska's environmentally sensitive sand hills region of the look at that. it is a little circuitous now. will this finally get the white house on board? joining me in first on fox
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interview is transcanada ceo. russ, thank you so much for joining us. do you think you have the magic rout now? do you think it will get it done? >> i think we've listened to the concerns of nebraska cans and done a great degree of work to work around their concerns. i think we come up with a route that meets everybody's needs. melissa: tell me about the route. hopefully we can put the picture up again. you queen see there are a quite a few little loops along the way to make sure it doesn't touch this environmentally sensitive area. in a way are you sort of calling the president's bluff, saying well, we've done everything we're supposed to do, now approve it? >> i think we've done that, we done everything that we're supposed to do for the whole process started, well over four years ago. and this is just the latest adjustments that we made to the route. the route has had many adjustments since we
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started. i can see by the map we moved route out of the sensitive sand hills area as defined by the nebraska department of environmental quality. the original proposed route we submitted in april went under further review went to four public comment meetings which gets you to minute level of review. we look at dougouts and those kind of things with landowners and root out any sensitivities. 675 landowners raised issues. through that process, end of july, summarized with their own comments. this proposal was a response to those comments where we have i think got down to the most minute detail level where those concerns done our best to address them. melissa: looks like it. realistically what do you think happens here? do you think anything happens before the election? >> we've been told in terms of the process is that, the national, the nebraska department of environmental quality will reach a conclusion by the, end of
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the year and make a recommendation to the governor, assuming that he signs off on that, the department of state has said that, they will make a decision in first quarter of next year. that is the kind of time frame we're working from today and, at least at this point in time nobody has made any adjustments to that schedule that is the one we're working towards. we're working very hard to make that happen. melissa: let me get that straight. so that is after the election you think something happens? >> that's, that's the schedule that we're working on right now is one that occurs, a decision occurs sometime in the first quarter of 2013. but obviously the sooner we get that done, the sooner we can put the americans that want to get to work on this project back to work. melissa: how many by the way, how many americans, how many jobs would this create? how much oil would it bring to the u.s.? >> the, the drops it would create on the gulf coast section that currently have under construction which you mentioned earlier there is about 4,000 people we put to work, professionals, pipe fitters and, welders,
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laborers, on the keystone xl portion of the pipeline it is about 9,000 direct construction jobs that will be created as a result of starting construction. melissa: are you frustrated how political this has gotten? >> obviously not a place where any company wants to be is to be in, in a project that has attracted as much attention as this has done. we've done our best just to comply with the regulatory process and get our job done. obviously not where we want to be. it has been, as i said, over four years now. the most comprehensive review one could imagine for a project like this. but he think the benefits of that will be that, americans will get the safest pipeline ever built when we get it done. we'll bring secure supplies to america and the safest possible way. melissa: what has it cost you and your shareholders that you have become political and this has slowed down so much? what do you estimate the cost of it?
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>> i wouldn't put it an estimate of costs. woe want to make sure we got things done right. obviously we have 2 1/2 billion dollars into the project in its entirety today. on keystone xl section it is 1 1/2 billion dollars into the project. the soonerer we get the capital construct productive that is good for the good for jobs that it will create. oil will start flowing and improve security supply and from our shareholders perspective that will be money that starts to earn and at the current time that is not earning any return for us. melissa: it will be a shame if this pipeline doesn't come to fruition because we know the oil in canada will end up going over to asia. russ, thanks for coming on the show and making your case. best of luck to you. >> thank you very much. melissa: wall street rejoices over new debt crisis, rescue plans from the european central bank but a serious hangover for investors may be just around the corner i
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fear. we have details on that coming up next. plus, elizabeth warren condemns inequality in the dnc speech but is the system rigged against the middle class as she said? we'll have two sides to this debate. do you ever have too much money? i think liz warren does. you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work.
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♪ . melissa: so today the european central bank unveils plans to buy unlimited amounts of government bonds from struggling countries in an attempt to stem europe's financial crisis. bank chief mario draghi pledging to do whatever it takes to keep the eurozone together. for the latest we go to ashley webster live in frankfurt, germany. ashley, since i joined fox and you've been going over to europe i've been begging you to solve the problem.
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you finally got it done. is it different this time? >> you know, that's a very good question. super mario got the bazooka out. before today the ecb had indeed a bond buying program which they finished back in march but it was limited in nature. it came with no conditions. the difference this time, melissa, it is, well, there is no limit. but it does come with strong conditions. countries have to apply. and they have to undergo strict monitoring of the conditions they agree to abide to in order to get the bailout. so there is a difference and now it is up to those european leaders of all the different countries if they want the bailout money, they have to formally apply and then put up with a lot of intrusion into their books. melissa: i don't know. we'll see how tough they really are about all this. the proof is in the pudding. i wonder a lot of people have been raising the question today, do they even have the authority to do this? >> yeah, that's a good
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question. look the ecb's only mandate is price stability inflation, keeping it pegged as close to 2% as possible. however the ecb says look, we're buying the bonds in the secondary market. we're not buying directly from governments. we're not propping up the governments, so yes it is within our mandate. critics say you're bending the laws. that is not true at all. you have no business doing this. you will fuel inflation. you need to have less government, not more government. and you need to get your nose out. it is up to individual countries to get their fiscal house in order. melissa: that really begs the final question, does this address the debt crisis once and for all? >> absolutely not. all it does really is buy time. it buys time for the european countries and their leaders to come up with some sort of reform that will put their fiscal house back in order. as i said, this really is aimed directly at spain and italy.
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to bring those borrowing costs down. does spain need a bailout. we know banks do but does the country as a whole need a bailout? this means it us up to spanish and italians and anyone else who may need help to actually formally request it. but that does nothing, melissa, absolutely nothing to address the bottom line. these countries have overspent. their economies are stuck in neutral or heading backward. and they have got to come up with some way of balancing the books while putting austerity measures in place. as you know that is not always compatible. so i think we could still be years away from the debt crisis being solved. but we do have at least in place from the ecb bought some time if nothing else. melissa: can't come home until you're sure it is really fixed. hope to see you soon. >> i will do my best. melissa: the markets loving the ecb bond buying plan. the dow closed up 224 points. like to bring in scott martin, chief investment
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strategist at united advisors. great to have you back on the show. you saw the markets move today. is this all that the ecb? were there other factors at play? >> well the adp data was pretty good. close to 200,000 jobs predicted for friday is always great. jobless claims number was pretty good. melissa, definitely a start by draghi's comments. ashley hit on the main point. this is not a free bailout. this is not free money for everybody. this is bailout with conditions. everybody is using the term bazooka. i think it is more of a cap gun. why? what will happen to get the bailout like ashley said, countries will have to apply. by doing that that is more fiscal austerity and giving up a lot of sovereignty. melissa the countries have not wanted to do that so far. melissa: yeah, i don't know. i think they're talking a tough game but at the end of the day all these countries know that the ecb and mario draghi really want to save the euro so they will buy up all these bonds. i think the day will come
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down the road when they finally have to raise rates, when they can't print money and tighten things up and that is when the problems will come. it is a long way off. let me ask you though about stocks. will this rally continue, or the jobs number tomorrow, could that just unhinge this whole thing? >> well, listen, i still believe that fundamental data of the united states with regards to jobs and gdp is key going forward. eventually, even in our fed situation they can't keep pressing rates lower and lower. eventually they will have to rise and the markets will have to normalize. melissa: you think. >> it has to. eventually, look, everybody seems to weird right because today's world seems we live in the world of era of free money and low interest rates forever. eventually we can't do that anymore. granted when the fundamental data turns around which is probably the job number tomorrow and gdp data as we get into next year. melissa: you think we have to pay the piper eventually. i don't know. no one else is acting that
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way. scott martin. >> a lot of fun when you don't think you have to. agree. melissa: that's right. a lot of fun if you doesn't think you have to. elizabeth warren comes out swinging against inequality saying the system is rigged against the middle class but are voters being played. ed kinard is coming up. entrepreneural heaven on the high seas. a floating startup community in the middle of the pacific ocean. prepare to leave silicon valley in its wake. this is a very interesting story. piles of floating money coming up. ♪ . ♪
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melissa: dnc is in full swing and some of its speakers taking pretty aggressive stands.
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just last night, elizabeth warren the democratic candidate for senate in connecticut talked about how hard it is to get ahead today. >> people feel like the system is rigged against them. and here's the painful part. they're right. the system is rigged. melissa: i think i am not the only one that was completely annoyed by this i can't help but wonder, who is the system rigged against exactly? for a little insight, go to pennsylvania democratic congressman jason altmire. congressman, thanks for coming on the show. i find that comment really frustrating to me i think a lot of small business think the system is rigged against them. that they are overregulated and overtaxed. i think a lot of individuals who make money, you know, think they earn money and government takes it away from them. look at top 1% pays 40% of the federal taxes. i don't know, can you defend that comment by elizabeth warren? >> not out of context.
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i do think that the clip thaw played is unjustifiable because history is filled with people who the odds were stacked against who became successful through hard work and innovation and yes some luck but, just to say that americans can't succeed or because you come from a certain type of background, that is just not what america is founded on. we believe in this country that everybody can succeed. but i do believe that that clip was taken a little bit out of context to the whole speech. elizabeth warren was trying to make the case that if the policies of romney and ryan were put into place, that people would have less of an opportunity to succeed. we could have a policy debate about that. melissa: why, why would they have less of a policy to succeed? >> she would make the case cutting student loans, reducing funning for entitlement programs, medicaid, medicare, children from low income would have less of a opportunity. these are policy debates,
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i'm happy to the discussion. the clip you played was taken out of context with the overall message. melissa: you think overall, lou dobbs made the point on the network today, pitting people against each other, called it whining, this one is holding you back you can't succeed, this one is doing this to me is not the way for america to move forward and build a stronger nation? people need to get out there and roll up their sleeves and work and hope for the best and work for the best? do you think that her tone is good for this nation? >> i think, again, that clip, and that particular part of her message does not resonate with what this convention has been all b we heard from president clinton. we're going to hear from president obama tonight. mayor castro from san antonio, all who lived the american dream. they have a life story that epitomizes hard work and innovation and talent what you can do in this country. the sky's the limit. so to say --. melissa: i don't think that is what they're saying at all. i think the campaign has been about redistribution of wealth. it's been about taking away
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from some and giving to others. it has been about quote, unquote fairness. >> that's what the economic message can be portrayed as but, again, look at the entire message i do think that the clip thaw played and message delivered about the system being quote, rigged, i don't agree with that. i think in america, as it has been since the founding fathers, all the way through, if you are willing to work hard enough and you have the talent you can succeed in this country. i don't agree with that comment and i don't think that was the message she was trying to deliver. melissa: okay. interesting, congressman altmire. thanks for coming on the show. appreciate your time. >> thank you. melissa: here is your our question of the day, is elizabeth warren right saying the system is rigged against middle class? melissafrancisfox or follow me on twitter at melissaafrancis. we've been talking about how elizabeth warren has raged against economic inequality. my next guest found a silver lining and believe it or not
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he believe it is a good thing. he is the managing director, former managing director, pardon me at bain capital. he is the author of the book, unintended consequences. thanks for coming on our show today. >> appreciate it. melissa: what do you think of what you just heard, by the way. >> i debate ad lot of people like her on the left. they don't see any change in the economy from the 1950s to today. think about the 1950s. big businesses are chasing after mass markets created by television and interstate highway. entrepreneurs don't matter as much in that economy. today, 15 people can create instagram and half a billion dollars in a a few years. the internet opens op opportunities that exist today that didn't exist back then. individual entrepreneur and high-tech start up matter a lot more. this is beneficial to the middle class. doesn't hurt the middle class. melissa: you say a large part of that private quick it is a driver of that. that is big issue in the campaign.
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mitt romney himself obviously from bain capital. do you think that private equity is the driver of good things in this economy and has been unfairly demonized? >> yes. i think equity in general underwrites the risk which is needed to drive change. to drive innovation, to improve the performance of companies, to increase productivity. when you look at the effect overall on the u.s. economy, we have added 40 million jobs since the 1980 on a base of 100 million. that is 40% increase in job. 50% at high end of the wage scale by the way. europe and japan? half as many jobs. you look today we created jobs with median incomes 25 to 30% higher than europe. melissa: you go so far to say inequality is a good thing? >> yes. melissa: how can you say that? >> high payoffs for successful risk-taking compound over time have significant impact on u.s. economy. it raises the bar for success. people work a lot harder. look at hours worked by most successful people way more hour than in europe.
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they're declining in europe. melissa: only willing to do that, looking for the yacht and huge payout. that is the reason why the guy just starting out is willing to take the risk, work around the clock, invent something. he wants to be rich. >> in part that's a true. when you narrow it down to one individual you do forget business is a team sport. thomas he had disson said success is 1% inspiration and 99% per perspiration. take facebook. not just mark zuckerberg in his dorm room. that was not original. my space was there with implementation of ideas and people who fought for the payoff to leave companies like google and microsoft to go work at facebook, that made it successful that is really had what in part drives the pormtsance. melissa: what is wrong with the way mitt romney tried to defend private equity? what would you tell him to say instead? >> i think attacks in private equity are attacks on businesses. they pit employees against
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employers. mitt is reluctant to be on the defensive and defend bain capital specifically. melissa: are they -- >> i'm not sure. at some point during this election he will have to make a defense of capitalism and show how much value it created in the u.s. relative it europe and japan. 40 million jobs is an enormous number of jobs in the u.s.. we have, you look at hours of work available for working age adult. 35 to 40% greater in the u.s. than it is in germany and france. that has a huge impact on the middle class here. we've put about 20 million immigrants into our economy. given those families work. we put tens of millions of people to work offshore. what other high wage economy done more for the middle class and the working poor than the u.s. economy. melissa: we're out of time. we barely sached -- scratched the surface. josh korb man wrote a book against private equity as well. he has different point of view. come back and talk to us again. your defense of private
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equity is fascinating. thank you so much. >> sure. melissa: bringing the silicon valley's best minds into the middle of the pacific ocean. a floating eden. a unusual startup community. what do you think about this one? the visionary behind the ambitious project is here exclusively. he will explain it to us. at the end of the day it's all about money, you know that. ♪ . [ owner ] i need to expand
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to meet the needs of my growing business. but how am i going to fund it? and i have to find a way to manage my cash flow better. [ female announcer ] our wells fargo bankers are here to listen, offer guidance and provide you with options tailored to your business. we've loaned more money to small businesses than any other bank for ten years running. so come talk to us to see how we can help. wells fargo. together we'll go far.
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♪ . melissa: you see this baby floating off the coast of the silicon valley, it is not a cruise ship. it is a entire community of startup tech companies. sips the u.s. only gives out so many work visas a lot of foreigners with startups are sent packing. this is a enormous ship and conveniently floating in international waters so entrepreneurs can launch their companies without worrying about the pesky work visas. joining me in the exclusive for fox business, blue seed cofounder. i salute you. this is genius idea. do you get around the whole visa problem with this? >> entrepreneurs had a
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pretty serious visa problem which is there is no visa that allows them to be here and to create a startup, a high-tech company. so, by being 12 miles out just outside the u.s.'s international, in the u.s.'s international waters, we don't, we don't have to deal with the u.s.'s visa restrictions. melissa: it's genius. do you have to live out there? i mean how exactly do you get around the law? i know public companies that have their meetings in international waters so they don't have to pay u.s. tax. this is, it's a new idea in terms of startups. do they live on the boat? >> yeah. so when you're 12 miles off the coast you are, the law says that you can do whatever you need to do out there in terms of running a company or starting up, et cetera. you don't need the visa. so you live on the boat, work on the startup. come in and out of the country on a travel visa in order to talk to people and meet with people here in silicon valley. melissa: do you have to pay u.s. tax on your income? >> yes. if you are a u.s. citizen,
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you have to pay tax no matter where you generate thing in income anywhere in the world. if you're a u.s. company you also have to of course abide by the tax regulations of the united states. melissa: so why would you do this instead of being like just over the border in canada or being in bermuda on the other coast? it does seem like it's genius but a little bit inconvenient? >> right. so being in silicon valley is incredibly important for high-tech startups in particular. this is a great place to sort of plant your roots as a high-tech company and to grow into the next facebooks, next googles, create all the jobs, innovation and technology. this is where you want to do it. there are no place in the world like silicon valley if you have that dream and aspiration. we're creating this place near silicon valley to people have the ability to come in and out and partake in a lot of magic that helps companies to grow. once they're large enough to do everything we can to make
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the transition on to land. melissa: is it already floating? what is demand like? >> so we're not in the water yet. we're still in the fund raisings stages. so far we have about 300 companies that are looking to the come on board from 58 difficult countries all around the world. and they're looking to be on board for about two or three founders per company and about 300 of those. and then, of course, their ultimate goal is to grow large enough, become substantial enough, to get proper visas to move into the country. melissa: what is the cost? >> $1600 per person per month. that gets you office space and residential living space by the more interesting part we take a small portion of equity in all of the companies that locate on board. about six 1/2%. that aligns our incentives with theirs. our goal is to help them scale and succeed and help them make the transition on to land because if they do that they eventually will have a liquidity event, et cetera and we make money
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as well. melissa: very clever. you have to keep us posted. any company innovative enough to legally stick it to the government i love that. keep us posted. thanks for coming on. >> thanks for having me. melissa: so it's an age-old question, what happens when you put a -- behind the wheel of a bulldozer? we finally have the answer. believe it or not. this is only the beginning of the mayhem. we have the full drunken rampage coming up next. you can never have too much booze. well, yeah you can. you definitely can. but you can never have too much money. ♪ . hi, i'm phil mickelson.
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i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, and nervous system and blood disorders have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region
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where certain fungal infections are common. don't start enbrel if you have an infection like the flu. tell your doctor if you're prone to infections, have cuts or sores, have had hepatitis b, have been treated for heart failure, or if, whilen enbrel, you experice persistent fever, bruising, bleeding, or paleness. [ phil ] get back to the things that matter most. ask your rheumatologist if enbrel is right for you. [ doctor ] enbrel, the number one biolog medicine prescribed by rheumatologists. melissa: it's time for a little fun. we are joined by democratic strategist. all right. let's get right to it. [laughter] at truck man hijacked a bulldozer. and he just ran into cars and a parking lot. finally a pop tire ends the
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spree. by standards run over. they start just punching a helluva guy. even more people show up as their hands to have hanging out. like that. >> easy. >> that happens all the time in russia. the couple of years ago. in new york, the same thing. russia, 80 years of communism has its effect. it's not the nicest place. the most expensive place. it's also the nastiest. good caviar, but frankly not my favorite place. >> that was a lot of generalization. i don't know if i'm comfortable with that. i don't know if i'm comfortable. >> that's russia. melissa: you have to assume all the people beating the hell of them, with the owners? the could have been. what is it to hand them?
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>> one thing i will agree on, i don't think russians play. clearly do not play. it seemed like they just came. once one person did it, the people realize, one not. i bet he never do that again. melissa: i never walk again. never drive again. >> people are going to pull up this video. melissa: all right. let's move on. as much as we can tear ourselves away, let's move on. a new gallup poll says it is 27 percent of adults in the world of work for talk -- full-time for an employer. the percentage is the highest in the u.s. where it is a whopping 41%. only 32 percent of adults in europe or full-time. does this say something? at the 41 percent was a very low number, and then i realize that -- >> what is amazing, this excludes those who are self-employed working part-time. i thought it was because of those people that this figure was a love. i just wonder, did they ever pull people in new york?
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who do you know in new york that works less than eight hours a day? >> i don't know. i've never not work full-time like ever, so i don't -- even when i was in college i still worked. melissa: it's surprising to me. is what i do on friday, saturday. it was a very shocking number to me. melissa: i don't know. all right. moving on. this is a good one. ben and jerry's never thought their ice-cream could be mistaken for port. the company is suing the maker of a hard-core porn called ben and jerry's. >> cherries. >> i could not quite do that 26 to make ex-rated tv these machines based on bin and jerry's flavors. really, do i have to do this? [laughter] melissa: please don't make me read this. boston cream pie. >> peanut butter -- [laughter] melissa: what you read it for
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me. >> peanut butter d cups. smeared the ice cube -- ice-cream maker's reputation. >> waiting for this particular article. first of all, let sleeping dogs lie. isn't the point is this going out of business because it is all on the web anyway. i'm amazed to hear that they still have these things. frankly, i thought that because of the internet. melissa: do you have a television? >> i have several. but i don't have any ben and jerry's board. >> what kind you have? [laughter] melissa: well done. >> you left it out there. i had to. melissa: all right. let's move on. this is unbelievable. an employee at the bank of america subsidiary was a set of a when he was being paid, so he moved his bosses at the end of the meeting. he wasn't even fired. in fact, his boss said that he was one of a one percentage could be granted

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